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Cops crack down on loan shark gang, seize B200m


Cops crack down on loan shark gang, seize B200m
published :
3 Jun 2021 at 04:00
Police have cracked down on a loan-shark network in Chiang Rai and seized 200 million baht.
Officers said at least 30,000 people had been targeted by the gang and that more warrants will be issued.
National police chief Suwat Jangyodsuk said yesterday that officers raided the illegal lending network and arrested 10 people who were issuing loans and overseeing forced debt repayments.
Pol Gen Suwat said the Economic Crime Suppression Division s Subdivision 5 had been investigating illegal lenders and found lending applications titled Consumer Finance and Mini Loans .
These applications charged high interest to debtors and also conducted unlawful actions against the debtors in order to collect repayment. ....

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